Sen. Bernie Sanders, I-Vt. introduced legislation to require the CFTC to impose strict regulations on oil speculators, who some blame for rising gasoline prices.  More »

Crude futures dropped as much as 5.4 percent on growing signals the U.S. economy is slowing and on concern that Europe’s debt crisis will deepen, reducing fuel consumption.  More »

The Energy Information Administration is a key source for unbiased energy data, says a gaggle of government and industry experts in a letter urging Congress not to cut the EIA’s budget.  More »

Oil theft blammed for cuts in key oil supply pipelines in Nigerian delta region.  More »

After infecting the stock market last May and hit the precious metals market, silver in particular, primarily due to raised margin requirement, flash crash has now taken a bite of the natural gas market as well.  More »

Crude tumbled the most in four weeks after a report that Saudi Arabia will raise oil production to 10 million barrels a day next month, and on concern the global economic recovery is slowing.  More »

Nearly nine in 10 traders betting that oil prices would rise this spring were financial speculators, not end-users of oil, Commodity Futures Trading Commission Chairman Gary Gensler said. He vowed that his agency will soon act “to guard against the burdens of excessive speculation.”  More »

World oil demand is expected to outpace supplies later this year by the widest margin since 2007. Analysts aren’t sure if production boosts from Saudia Arabia and a few other oil-producing nations will be enough to meet demand.  More »

Benchmark crude settled at $99.01 per barrel on the New York Mercantile Exchange as investors and economists awaited a key OPEC meeting this week and the government’s outlook on U.S. supply and demand.  More »

Benchmark West Texas Intermediate for July delivery lost $1.21 to settle at $99.01 per barrel on the New York Mercantile Exchange. Crude has been within a few dollars of the $100 mark for about a month.  More »

Despite a well-supplied market, Henry Hub has experienced a rare excitement spiking to a 10-month high partly on the prospect of increasing LNG trade and export after the U.S. Energy Department authorized Cheniere Energy (Amex: LNG) to export LNG from its Sabine Pass terminal. However, not everyone, including ConocoPhillips, is sold on LNG exports yet.  More »

Despite a gloomy unemployment report, benchmark West Texas Intermediate crude on Friday settled just about where it began the day: down 18 cents at $100.22 per barrel. Oil has hovered around the $100 mark since early May.  More »